Reinsurance Administration Specialist

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Job Description

Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients' circumstances.

We are recruiting to fill the position below:

Job Title: Reinsurance Administration Specialist
REF: 1347/NIGE/EU/REINSURANCE ADMINISTRATION SPECIALIST/Nigeria/180919
Location: Nigeria
Category: Insurance 

Introduction

  • Individually accountable to performing routine reinsurance administrative duties while ensuring reinsurance information are recorded accurately. A Reinsurance Administrator specialist is fully multi-skilled across products & processes, and has extensive relevant experience.

Job Specification

Descriptor

•          Follows standardised processes and provides administrative support in line with normal business functioning.

•          Delivers on daily operational standards and adheres to service and quality standards.

•          Provides an indirect service to customers and intermediaries.

•          Responds to immediate requirements within procedure.

•          Uses standard administrative techniques to coordinate own work.

•          Product and process knowledge in different areas may differ but basic skills remain the same.

•          Fully multi-skilled across products and processes.

•          Has extensive, relevant experience.

 

Key Result Areas

Documentation Processing:

o    Efficient management of Facultative inward portfolio.

o    Monitor the company’s risk portfolios, analyse and recommend risks for facultative outward placements.

o    Debiting and processing of payment.

o    Prepare and render quarterly treaty returns.

o    Prepare and review paid & outstanding loss bordereaux.

o    Prepare and interpret various reinsurance statistics.

o    Ensure timely delivery of regulatory returns.

o    Follows standardized processes and provides administrative support in line with normal business functioning.

o    Weekly reporting.

o    Uses standard administrative techniques to coordinate own work.

o    Prepare meeting reports/ presentations.

o    Interface with the other departments.

 

Personal Effectiveness:

o    Accountable for service delivery through own efforts.

o    Individually accountable for managing own time, tasks and output quality for periods of 1 day to a maximum of 3 months.

o    Makes increased contributions by broadening individual skills.

o    Collaborates effectively with others to achieve personal results.

o    Accepts and lives the company values.

Quality Assurance:

o    Performs quality checks on own work.

o    Adheres to service and quality standards

Job Requirements
Minimum years of experience

Qualifications
FSLC /SSCE /JSCE /NABTEB /ADN /OND /ND /NCE /B.Sc /B.Ed /B.Tech
Other Requirements

Qualifications and Experience

o    A first degree or its equivalent.

o    Good Analytical skills.

o    Technical/insurance product knowledge and relevant experience would be an added advantage.

o    Good knowledge of Microsoft office suite

This job is no longer accepting applications.

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About Old Mutual Nigeria
Old Mutual in Nigeria, comprising a Life Assurance and General Insurance business, is a subsidiary of Old Mutual Limited, a premium African financial services group that offers life protection, general insurance, savings, investments and lending services to 11.3 million customers in 13 countries across Africa and China.Old Mutual has been operating in Nigeria since March 2013, having acquired the majority stake in Oceanic Life Assurance Company. In January 2014, Old Mutual also acquired a majori...
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Job Summary
Published
October 22, 2019
Offer Type
Full time
Deadline
October 25, 2019
Specialization
Finance / Accounting /Administration/ Office/ Operations
Industries
Banking / Financial Services
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